Month: March 2017

CBDT warns officials on contact with Press and airing views on official matters either in their own name or in pseudonymous names.

CBDT warns officials on contact with Press and airing views on official matters  either in their own name or in pseudonymous names.  No. B-12020/02/2017-Ad.IX  Government of India Ministry of Finance Department  of Revenue (Central Board  of Direct Taxes) 460, Hotel Samrat, Chanakyapuri New Delhi, 20th March, 2017 To All …

ICAI-Constitution of Group as per MCA communication to develop Action Plan to provide services in Accounts and Finance Sector to access overseas markets

ICAI-Constitution of Group as per MCA communication to develop Action Plan to provide services in Accounts and Finance Sector to access overseas markets ICAI Announcement Constitution of Group for formulating the Detailed Action Plan – Ministry of Corporate Affairs No.M-626/2017 20th March, 2017 ALL MEMBERS OF THE COUNCIL …

Entire amount of undisclosed purchases can not be added as profit. In absence of information on sales, only profit element can be taxed – ITAT

Entire amount of undisclosed purchases can not be added as profit. In absence of information on sales of such purchases only profit element can be taxed – ITAT ABCAUS Case Law Citation: ABCAUS 1181 (2017) (03) ITAT Assessment Year : 2007-08 Date/Month of Pronouncement: March, 2017 Brief Facts …